The Richmond Region is a vibrant and growing community with nearly 1.3 million people, gaining 32 net new people daily. Our stable and diverse economy includes 7 Fortune 500 headquarters and 5 more in the Fortune 1000, far more than other regions our size.
Distribution access is everywhere! Our natural location includes a world-class transportation system that incorporates four interstates, two international airports and one of the nation’s largest sea ports. It allows your company to access 45 percent of the U.S. population within one-day’s drive.
The region’s low cost of business includes electric rates that are 28 percent below the national average, with unionization and unemployment insurance among the lowest in the U.S.
The Richmond Region boasts a highly-educated and talented workforce, with 38 percent of the workforce having a bachelor’s degree or higher, far above the national average. Nearly 80,000 students attend post-high school classes in the region, with over 15,000 degrees conferred annually. Within 150 miles there are 1.1 million higher education students at some of the top universities in the country.
Recruiting your desired workforce is easier here, with internationally-renowned culture and recreation. Your employees’ can stretch their dollar further in Richmond with an affordable cost of living — nearly 4 percent lower than the national average.
We respect that your firm has specific needs and the Greater Richmond Partnership is here to help. Whether you’re a manufacturer that needs logistical access to the eastern seaboard, or if you’re a financial firm that seeks a pipeline of talent, the Richmond Region offers myriad cost-effective locations.
For site location projects, GRP is the single point of contact for the process. From the very start, GRP can assist your real estate search throughout our four localities, adding value to the search at no cost to your bottom line.